Capital Power (CPX) Receives a Buy from National Bank

By Ryan Adsit

The Utilities sector company, Capital Power (TSX: CPX), has received a rating update from a Wall Street analyst today. The company received a Buy rating from National Bank’s analyst Patrick Kenny, with a C$34 price target.

According to TipRanks.com, Kenny is ranked #2962 out of 4873 analysts.

Capital Power has an analyst consensus of Moderate Buy, with a price target consensus of C$30.22.

The company has a one-year high of C$29.79 and a one-year low of C$22.15. Currently, Capital Power has an average volume of 208.6K.

Capital Power Corp. engages in the development, acquisition, construction, operation, and optimization of power generation facilities. Its projects include Halkirk, Port Dover and Nanticoke, Keephills 3, and K2 wind power. The company was founded on May 1, 2009 and is headquartered in Edmonton, Canada.

The company’s shares closed on Tuesday at C$26.84.